Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Rivernorth Managed Dur Mun I (RMMZ)

24 + Investors. Track Smart Money conviction in RMMZ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — RMMZ

Based on 23 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added RMMZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
23 hedge funds hold RMMZ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

10 buying9 selling
Last quarter: 10 funds bought or added vs 9 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 2 → 2 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 26% medium ■ 22% new
12 out of 23 hedge funds have held RMMZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

1 → 6 → 2 → 2 → 3 new funds/Q
New funds entering each quarter: 6 → 2 → 2 → 3. RMMZ is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 48% veterans vs 26% newcomers

■ 48% veterans ■ 26% 1-2yr ■ 26% new
Entry-cohort mix of 23 holders: 11 (48%) are 2+ year veterans, 6 entered 1–2 years ago, and 6 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
6 of 23 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in RMMZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — RMMZ

In 2026 Q1, 10 hedge funds were net buyers of RMMZ (3 opened a new position, 7 added to an existing one), while 9 reduced or exited (7 trimmed, 2 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 47% of total institutional value in RMMZ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 23.

Hedge Fund Ownership: RMMZ

How many hedge funds hold RMMZ — quarterly history vs. share price
Quarterly hedge fund ownership of RMMZ vs. share price

Market Analysis: RMMZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RMMZ

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: RMMZ
24 + Investors

Track Smart Money conviction in RMMZ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 24 23 4.35%
13F Shares 2M 2M 0.2%
Total Value $24M $24M 2.51%
New Positions 3 3 -
Increased Positions 9 7 +2
Closed Positions 2 2 -
Reduced Positions 6 7 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RMMZ

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Institutional Holders (2026 Q2)

24 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RMMZ. Verified SEC 13F-HR filings.

QUARTER:
Top 23 RMMZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robinson Capital Management, LLC 1.30% 195,309 $2.9M
2 Closed-End Fund Advisors, Inc. 0.56% 38,401 $578K
3 Gateway Wealth Partners, LLC 0.13% 147,255 $2.2M
4 River Street Advisors LLC 0.11% 24,321 $366K
5 Thomas J. Herzfeld Advisors, Inc. 0.07% 15,802 $238K
6 Noble Wealth Management PBC 0.04% 6,200 $93K
7 Rivernorth Capital Management, LLC 0.03% 40,249 $605K
8 Guggenheim Capital LLC 0.02% 192,927 $2.9M
9 Oppenheimer & Co Inc 0.01% 52,673 $792K
10 Harbour Investments, INC. 0.01% 37,647 $566K
11 PFG Investments, LLC 0.01% 11,000 $165K
12 &Partners 0.00% 16,089 $242K
13 Private Trust Co NA 0.00% 775 $12K
14 Osaic Holdings, INC. 0.00% 30,468 $458K
15 Integrated Wealth Concepts LLC 0.00% 6,508 $98K
16 Wells Fargo & Company/Mn 0.00% 192,323 $2.9M
17 Royal Bank of Canada 0.00% 195,609 $2.9M
18 Stifel Financial Corp 0.00% 32,616 $491K
19 UBS Group AG 0.00% 103,111 $1.6M
20 Morgan Stanley 0.00% 224,416 $3.4M
21 Raymond James Financial Inc 0.00% 23,600 $355K
22 LPL Financial LLC 0.00% 22,592 $340K
23 Mercer Global Advisors Inc /Adv 0.00% 2,039 $31K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Rivernorth Managed Dur Mun I (RMMZ)

What does the Smart Money Trend signal show for RMMZ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added RMMZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for RMMZ?

Slight buying edge — 53% buying: Last quarter: 10 funds bought or added vs 9 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for RMMZ holders?

Elite ownership — 47% AUM from top-100 funds: 6 of 23 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in RMMZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held RMMZ?

52% of holders stayed for 2+ years: 12 out of 23 hedge funds have held RMMZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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